Argo Gold (TSE:ARQ) has released an update.
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Argo Gold Inc. reported a productive May 2024 with a total oil production of 3,375 barrels, averaging 109 barrels per day, alongside an average oil price of CDN$79.43 per barrel. This activity led to a substantial oil revenue of $268,111 for the month, with a net operating cash flow amounting to $175,732, signaling a potentially lucrative period for the company and its stakeholders.
For further insights into TSE:ARQ stock, check out TipRanks’ Stock Analysis page.